Member Info for Bottmzup

Trevor, fair point, but in the scheme of things its better to have cash in the bank now to progress all the assets than to wait years for the tax relief benefits to play their part.

We are talking about low cost alluvial production to grow from an explorer to a producer, not some major deep mine development with hundreds of millions in revenue that would cash in on tax savings many years down the line.

By that time ECR could be producing revenues of $10m+ per year at low cost, so paying the tax bill on that would be minimal when you offset costs to minimalise the tax burdon.

Its just the right move at this juncture since the tax losses have been sitting on the balance sheet for a very long time....just use the tax free cash now to progress all the assets and build value for shareholders this year.

This from the operstional update earlier this month...

'By way of illustration, the ECR team believes that the Blue Mountain Project is capable of having an indicative revenue potential of approximately A$470,000 (US$295,000) per month. This potential revenue illustration uses an average grade of 0.6 grammes per bank cubic metre and Gekko's projected recovery rate, with a wash plant with a 25 tonne per hour capacity, to provide prospective output per month of over 3,000 grammes (over 100 ounces) per month, using a gold price of US$2,790 per ounce. This could potentially be increased by operating dual wash plants.'

Firstly, that low ball estimate of 0.6 grammes per cubic metre could be higher.

Also the price of gold is now 5% higher at $2930/oz, with world events likely to drive that higher in the in the near to medium term to over $3k/oz.

The current Mcap of ECR is £6m, and considering all of the above, it makes me wonder if the market has priced in a failure to get the MGA deal over the line, and whether the share price would be vastly different if the MGA tax loss deal was not even on the table, never pursued, and left on the balance sheet collecting dust. Almost a distraction from the main event!

With over £1m in the bank, including the land sale, and the plans for production of between $4m - $5m per year on just one washplant, fully funded, this has to be one of the best investment stories in the juniour mining sector on AIM today, considering that a large proportion of other companies are struggling to raise funds just to keep the lights on as going concerns!

And if/when the tax deal is announced, that will be like a double bonus and we're off to the races!

Thats what makes ECR such a compelling risk/reward buy at todays price.

TS - yes agree with all of that.

Just watching the StockBox interview and Q&A with Nick Tulloch...still very positive about the MGA progress and note that Nick reiterates that the timeline deadline for completion by the end of Feb was set by Octo, and agreed with by ECR.

Also Nick states that the land sale is very close to completion following the buyer getting their mortgage all but sorted.

Good all round feel from him in the interview, which can be viewed here on YouTube..

https://www.youtube.com/live/UWDiS6tqKME

Jamesp21, if you check back there was a lot of talk about discussions with potential buyers of the tax losses. The share price moved up from .22p as optimism built that this could be achieved.

Then on 1st Nov ECR 'confirmed' that they had signed an exclusivity agreement with one of the party's they had been in talks with.

This excited the market and the sp went up to the mid .4p's...it was a confirmation that this is being taken seriously by the other party.

Then they did the placing to raise £950k at .33p in late Nov, which I think in hindsight was a very shrewd move....imagine the negotiating position they would be in now if they didn't have significant funds in the bank!

The sp fell back to the raise price, and subsequently below that level, as the talks to finalise a structure of sale was agreed by both parties to be extended due to the increasingly complex nature of all the aspects of MGA (Antimony).

So thats where we find ourselves, waiting for confirmation of the done deal, before savvy investors are prepared to be invested.

Check volumes as there are no interested buyers and scrappy sellers, tells you all you need to know - coocoo

No, it doesn't tell anybody anything...as you well know.

Market traders and savvy investors will always wait for confirmation before taking a position, so while uncertainty remains as to the timing of an outcome they will always keep their powder dry...as you well know.

The only thing confirmed on here, is that you are just a FUD spreader with a grudge.....as we all know!

Check volumes- yes, not many selling...only the last dregs of placees.

Not long before they are all out of shares to sell, so lets see what happens then.

There's that grudge coming through again!

Too quiet on here for a FUD spreader more like it.

They feed on conversation because they can jump on anything and take an opposing view, regardless of whether their position on any subject is ludicrous..or just plain lies.....so I'm enjoying this quiet moment in time.

Coocoo on the other hand, is the one getting nervous!

Brainwashed

You're a bit doolally mate, more interested in your emoji's than any proper stock market analysis.

Anyone who follows your mindset needs a good wobble aswell.

Check the share price demise over time, and tell me that AVCT is a good investment...at any price!

The FACTS are, as far as valuation is concerned, that April '21 share price 280p...March '22 share price c40p...Feb '23 share price 188p, June '24 share price 40p...then a little pump and dump spike to 80p....now back down to 40p!

The trend tells the story...simple as that!

So what was your average again?

So why do you think, that the market values AVCT so low? You have to listen to the sentiment of the masses.

If they have such a world unique solution to the cancer 'problem'...then why are the world market participants not impressed?

If they were impressed, by the research and results you keep banging on about, then surely market participants would be wholly onside and buying in their droves...regardless of what Indeces they are in!

The truth is that the market is not impressed in how the company is run...and they are not impressed by how the company is funded.

You are a deluded amateur...a clown, a moron, and a buffoon when it comes to how the stock market works.

You will never make a pile in the stock market as long as you've got a hole in your ass!

You haven't got a clue!

After years of ramping, and the heady days of 280p, then a top of 188p, a drop to 92p, then a rise to 164p, before a drop from Oct '23 to June '24' down to 40p, then a spike to 80p, and now back down to 40p......I wonder what Mr Icecool's average is?

He must be seriously underwater, and yet still he claims its going in to the stratosphere!!

He'll probably need a 3x multibagger from here just to breakeven. Yet he continues to call everyone else who has a more grown up analysis of the overall situation, and a better strategy...a clown!!

Unbelievable!

Well my squiggling lines are working up till now...hows those fundamentals going?

A grudge is a very strong emotion!

Funny you should use the snooker analogy....I use that one to explain the difference between someone who use both fundamental and technical analysis, versus someone who only uses one of the above.

A successful snooker player is a good potter...AND can control the white ball.

So in stock market terms, you would identify a promising company story (fundies) then use your technical analysis to plan your entries to build a strong position with a low average!

Obvious really.

Ice, allow me to educate you on traders, and trading.

Traders were waiting for one of two events before buying.

1/ A news event, and how strong or weak it is

2/ Share price to hit an established support level ie c40p

Whichever comes first.

There was a flurry of buys as price hit c40p...but...its not exactly an avalanche of buys giving a strong bounce...yet...because of the uncertainty surrounding this company and its financial position.

So short term traders wont hang around too long, and with no news event this week I wouldn't be surprised if it goes down in to the 30's

Simple as that!

Which incidentally, was exactly the same price that the sp bottomed at in March '22.....so that became the 'confirmed' bottom!

Nothing to do with the rounded up conversion price.

Do you get it yet?

I waited for the price to hit the low on the CHART going back to June last year, which is what traders were looking for...ya clown!

Now do you understand?

It's not whether AIM 'gets it'....its the sentiment of the market participants.

Going back a few weeks Mr Ice cool said....'If no news for a while though then we will drift to 46p until cleared' and when I questioned why 46p because it means nothing as far as the chart, he said...

Are you having a laugh 😆.

That’s the rounded up conversion price 45.67p. Do you think HC will sell under that. Charts aren’t everything. Need to look at the fundamentals. Truly a 🤡🤡🤡💯💯

Well who's truly the clown now?

As I said...clueless!!

...for ECR being so close to realising the value of the tax losses in MGA!

He holds a Masters in law from Oxford University, and I bet his first task was to explore the Aussie tax loss laws regarding transfer from one company to another. Maybe he even researched the possibilities before he joined and that was the catalyst for him to decide to become a Director of ECR.

No other previous Directors even attempted to pursue the potential to sell MGA with its tax loss benefits to ECR.

Mike W would have been part of the discussion at the start of their tenure, but Nick had the legal experience and know how to analise whether it would be feasable, so he deserves plenty of credit for initiating the go ahead for what looks like being a tranformational move for ECR.

Its no wonder that discussions with Octo have extended considering the complexity of the details of what is included and excluded in the agreement....but at least we know that it can be done legally, so its only a matter of when, not if, it will be completed.